Daily Economy
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How the Fed Painted Us into a Corner
“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan
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When “Big Business” Revitalizes the Neighborhood
“With the reopening of Whole Foods, the big in Amazon is bringing energy to a neighborhood that had lost it. It’s also rushing a much better future into the present; one that will force competitors to either advance, or be replaced.” ~ John Tamny
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Existing Home Sales Fell in February but Supply Remains Extremely Tight
“Existing-home sales fell in February, but supply remains very tight. Shifting housing preferences, elevated prices, and rising mortgage rates are likely to impact demand over the coming months and quarters.” ~ Robert Hughes
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Americans Need a COLA, not a Coke
“With inflation now high and trending higher, with no end in sight, American workers, and their employers, need to bring COLAs back, arguably out of fairness to workers but really out of efficiency.” ~ Robert E. Wright
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What Should Be Done to Fight Inflation? A U.S. Lawmaker Interviews Two Michigan Economists
“The conversation centered around recent comments by US Federal Reserve Bank Chairman Jerome Powell, and how the Federal Reserve intends to bring our 40-year high inflation rate down to levels prior to 2021.” ~ Dr. Timothy G. Nash
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•
Manufacturing Output is Solidly Above Pre-pandemic Levels
“Industrial output rose in February, led by solid gains outside of energy and motor vehicles. However, labor and logistics issues continue while turmoil surrounding the Russian invasion of Ukraine represents a new wave of potential disruptions.” ~ Robert Hughes
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It Takes a Village of Bureaucrats to Implement Despotism
“In America today, a decentralization movement is growing, advocating greater local control. Continued erosion of public trust in federal agencies and government experts will hasten that movement.” ~ Barry Brownstein
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Housing Permits Remained at a High Level in February but Builder Sentiment Fell in March
“Housing permits were off in February but remain at a solid level. Rising home prices and higher mortgage rates are strengthening headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes
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Healing Democracy from the Bottom-Up
“Freedom builds on mankind’s intense yearning for connection. The solution to our fragmented democracy will more likely emerge bottom-up from civil and market society, rather than top-down through politics.” ~ John O. McGinnis
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•
Weekly Initial Claims for Unemployment Benefits Fell Slightly, Remain Very Low
“Weekly initial claims fell slightly and remain at a very low level, suggesting the labor market remains tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes
-
•
How the Fed Painted Us into a Corner
“Over the months and years to come, it will be very interesting to see how faithfully the Fed pursues its policy of returning interest rates to normal and sustainable levels—approximately 3-4 percent for the federal funds rate.” ~ Robert F. Mulligan
-
•
When “Big Business” Revitalizes the Neighborhood
“With the reopening of Whole Foods, the big in Amazon is bringing energy to a neighborhood that had lost it. It’s also rushing a much better future into the present; one that will force competitors to either advance, or be replaced.” ~ John Tamny
-
•
Existing Home Sales Fell in February but Supply Remains Extremely Tight
“Existing-home sales fell in February, but supply remains very tight. Shifting housing preferences, elevated prices, and rising mortgage rates are likely to impact demand over the coming months and quarters.” ~ Robert Hughes
-
•
Americans Need a COLA, not a Coke
“With inflation now high and trending higher, with no end in sight, American workers, and their employers, need to bring COLAs back, arguably out of fairness to workers but really out of efficiency.” ~ Robert E. Wright
-
•
What Should Be Done to Fight Inflation? A U.S. Lawmaker Interviews Two Michigan Economists
“The conversation centered around recent comments by US Federal Reserve Bank Chairman Jerome Powell, and how the Federal Reserve intends to bring our 40-year high inflation rate down to levels prior to 2021.” ~ Dr. Timothy G. Nash
-
•
Manufacturing Output is Solidly Above Pre-pandemic Levels
“Industrial output rose in February, led by solid gains outside of energy and motor vehicles. However, labor and logistics issues continue while turmoil surrounding the Russian invasion of Ukraine represents a new wave of potential disruptions.” ~ Robert Hughes
-
•
It Takes a Village of Bureaucrats to Implement Despotism
“In America today, a decentralization movement is growing, advocating greater local control. Continued erosion of public trust in federal agencies and government experts will hasten that movement.” ~ Barry Brownstein
-
•
Housing Permits Remained at a High Level in February but Builder Sentiment Fell in March
“Housing permits were off in February but remain at a solid level. Rising home prices and higher mortgage rates are strengthening headwinds for demand while elevated commodity costs remain a challenge for homebuilder profits.” ~ Robert Hughes
-
•
Healing Democracy from the Bottom-Up
“Freedom builds on mankind’s intense yearning for connection. The solution to our fragmented democracy will more likely emerge bottom-up from civil and market society, rather than top-down through politics.” ~ John O. McGinnis
-
•
Weekly Initial Claims for Unemployment Benefits Fell Slightly, Remain Very Low
“Weekly initial claims fell slightly and remain at a very low level, suggesting the labor market remains tight. However, the Russian invasion of Ukraine dramatically increases uncertainty.” ~ Robert Hughes